Company Background

FPT is the largest information technology company in Vietnam. Sales in the year ended December 2013 totaled some $1.4 billion. The company is engaged in a wide array of activities including software development, telecommunications and marketing of IT products. It undertakes software development for many foreign clients, with half of orders coming from Japan.

The company founded a university in hopes of expanding the pool of capable engineers available. It set a goal of more than tripling the number of engineers who speak Japanese to 10,000 by 2020.

The government holds only a 6% stake in FPT. It is 49% owned by foreign investors and the largest shareholder is Chairman Truong Gia Binh, 58, who holds just over 7%. The company went public on the Hochiminh Stock Exchange in 2006. Its market capitalization, at about $800 million, is one of the largest among non-state entities.

The company is expanding its business abroad and had operations in 16 countries and regions as of summer in 2014. In June 2014, it acquired a Slovakian IT company.

FPT started as a food processing technology company founded by Binh in 1988. Binh studied mathematics and computers at Moscow State University, where earned his doctorate. He has been dubbed the Bill Gates of Vietnam.

Business Summary

FPT Corp. engaged in the provision of information, technology, and telecommunications products and services. It operates through the Technology and Telecommunications, and Investment and Education business segments. The Information Technology and Telecommunications segment is divided into the following sub segments: telecommunications, digital content, software development, system integration, informatics services, education, and manufacture, distribution and retails of technology products. The Investment segment involves the management of investments in associates in the finance field and real estate projects. The company was founded by Binh Gia Truong, Tien Quang Le, Ngoc Quang Bui, Bao Cao Do, Nam Thanh Nguyen, and Thanh Thanh Thi Truong on September 13, 1988 and is headquartered in Ha Noi, Vietnam.